Old real-estate ripe for redevelopment: Should you invest in them?

A property that has the potential to go under redevelopment is an uncertain bet.

Apart from differences between existing tenants on a variety of issues

Including the choice of the builder and the size of flats

That get allotted to them post the redevelopment

You need to check if you have the patience to hold on.

The price differential between a 2BHK in a newly built society

Compared to one which is 30 years old is at least 20%

And could go as high as 35-40 percent, depending upon the location.